Centene Corp (CNC) saw an uptrend of 1.31% in the recent trading with $25.59 being its most recent. The current price level -68.25% lower than the highest price of $80.59 marked by the stock while trading over the past 52-weeks, whereas it is 2.05% higher than the lowest price of $25.08 the company dropped to over past 52-weeks. The latest news story on CNC appeared in (Newsfile) under the title “Did You Lose Money on Centene Corporation (CNC)? Levi & Korsinsky Urges Investors to Act Before September 8, 2025”.
Looking into the simple moving average, Centene Corp (CNC)’s stock stands at a SMA-50 of $40.80 while that of 5-day is reading $25.63.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CNC’s SMA-200 as of now is $55.50.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 14 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.57 for the stock.
Centene Corp Earnings – What Happened With CNC
Coming around sales and income figures on CNC Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Centene Corp (CNC) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 14.87% for net revenue.
CNC – Centene Corp Stock Earnings Estimates
The perspective of Centene Corp (NYSE:CNC)’s current quarter earnings identifies that analysts are in consensus over the estimate of 1.41 for stock’s EPS in the current quarter. Centene Corp (CNC) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 14.87% for net revenue. Company’s EPS for the last quarter was 1.62.
Centene Corp – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 491.13 million. CNC does have institutional investors; and they hold 99.54% of the stock.
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Centene Corp (NYSE:CNC) with an ownership of 60.72 million shares of the company or 11.4647 of the stake worth $4.03 billion. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 8.9578 of the outstanding shares. Its stake is worth $3.15 billion for having 47.44 million shares in hand.
FMR LLC also came holding a key position in the company during the recent quarter and it now holds 6.6239 of the outstanding shares. With this there are now 1282.0 institutions which have possession in CNC’s shares.
Key Metrics forCNC
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Centene Corp has a debt to equity ratio of 0.64.
